Samsung tops the global smartphone market in Q3 2023

Samsung tops the global smartphone market in Q3 2023

In response to Canalys, the worldwide smartphone market fell barely by 1% to 293.four million models in Q3 2023, with distributors pushing new fashions following a wholesome stock stage in Q2. Samsung held onto the main place with a 20% market share, regardless of a small dip from Q3 2022, whereas Apple claimed second place with a 17% market share. The decline within the world smartphone market is attributed to world macroeconomic and geopolitical uncertainties. This introduced some form of frailty to the nascent restoration and channel operations. Canalys forecasts counsel decelerating medium-to-long-term smartphone market development. Meticulous monitoring of inventory turnover and finish demand is vital to keep away from turbulence from excessive stock.

Highlights of Canalys report

  • Earlier iteration of latest folding display merchandise boosted Samsung and took it to the highest spot
  • Pushed by demand for brand spanking new iPhone 15 merchandise, Apple adopted carefully behind. It was in a position to ship 50 million models, taking a market share of 17%.
  • Attributable to Xiaomi’s sturdy efficiency in rising markets, it ranked third. Its shipments hit 41.5 million models, reaching an annual development of two%.
  • OPPO (together with OnePlus) ranks fourth, with shipments of 26.four million models and a market share of 9%.
  • Transsion (together with Tecno, Infinix, and iTel) maintained its fifth place. It additionally continued its sturdy momentum from the earlier quarter. The corporate shipped 26 million models, holding its place within the high 5.

Samsung tops gross sales checklist

Samsung retained its market management with a cargo of 57.four million models and a 20% market share globally. Many due to an early replace of its foldable gadgets. Samsung’s Galaxy Z Flip and Fold 5 sequence have been launched two weeks sooner than normal to bolster Q3 2023 income and market efficiency. Samsung’s efficiency reveals early indicators of restoration after a tricky finish to 2022. The rebound is especially linked to product launches, which drove a rise in sell-in quantity. Samsung’s Q3 revenue beat expectations, elevating hopes for chip restoration.

Different manufacturers

Apple claimed second place with a 17% market share globally and shipped million models in Q3 2023. Xiaomi sits in third place with 41.5 million models shipped globally and a 14% market share in Q3 2023. OPPO and TRANSSION shipped 26.four million and million models, respectively, with a 9% market share every in Q3 2023. Different manufacturers accounted for 32% of the worldwide smartphone market share in Q3 2023.

Canalys senior analyst, Sanyam Chaurasia, stated that as the vacation season approaches, rising markets have a rising demand for brand spanking new merchandise. This drove the event of manufacturers and channels. Xiaomi and Transsion maintained their sturdy performances from the earlier quarter. This makes them the one two distributors within the high 5 to attain development.

Sanyam Chaurasia stated

“Xiaomi efficiently returned stock to regular ranges within the first half of 2023. It actively launched cost-effective entry-level fashions of the Redmi digital sequence in rising markets. This allowed it to regain development momentum within the third quarter.

On the similar time, Transsion’s shipments in its core African market have elevated, serving to it obtain a staggering 40% year-on-year development. Regardless of forex fluctuations and import restrictions in these markets, new demand for upgrades persists. Patrons have step by step tailored to the high-inflation surroundings.

Within the Center East market, Transsion has captured the rising low-end demand in some low-price markets by way of its sturdy native crew. Within the Latin American market, energetic channel development and new product launches have additionally helped Transsion additional develop regionally”.


Canalys maintains its forecast of marginal declines for 2023. It stated shipments will stabilize round these ranges in 2022 as we transfer into the center of 2023. Decline charges will begin to enhance quickly, though that is extra linked to the stark distinction between 2022 and 2023 shrinking.

Canalys analysis analyst Lucas Zhong believes that manufacturers are searching for alternatives to consolidate their positions within the high-end market. They’re working to reinforce the competitiveness of high-end product strains and deal with bettering product {hardware} design and software program UI.

Lucas Zhong stated

“Beneath this development, we imagine that the competitors depth within the world folding display market will proceed to escalate. Samsung launched the Galaxy Z Flip and Fold 5 sequence two weeks sooner than in earlier years. This gave a lift to its income and market efficiency within the third quarter.

Nonetheless, because the market provide of foldable display fashions continues to diversify, this development will even pose a problem to Samsung’s present dominance on this market phase. OPPO strategically launched Discover N3 and OnePlus Open fashions in numerous areas. This reveals the ambition of Chinese language manufacturers to enter the worldwide folding display market.

As well as, extreme differentiation among the many iPhone 14 sequence has additionally precipitated Apple to face demand points. It decreased USB Kind-C and Good Island to straightforward fashions within the iPhone 15 sequence to slim the hole. With this, it was in a position to stimulate demand and consolidate its high-end market place.

Android manufacturers are constructing an ecosystem

Lucas Zhong additionally stated that Android manufacturers are working onerous to construct an ecosystem to compete with iOS. Customers are more and more prepared to change camps for a greater ecological expertise. This has additionally led main manufacturers to start creating working programs and enhancing their model picture.

For instance, the Huawei Mate 60 sequence offers a whole ecological expertise by way of a self-developed SoC and HarmonyOS. Xiaomi’s new HyperOS has additionally improved the interconnection expertise between a number of gadgets and has change into a latest focus. The system is anticipated to open up a number of income development curves for the model past cellphones.

Nonetheless, the important thing to the success of a model OS nonetheless is determined by whether or not it could present customers with a novel and enticing expertise. Subsequently, manufacturers nonetheless must proceed to put money into collaborative analysis and growth of software program and {hardware}.

Closing Phrases

Canalys predicts that the worldwide smartphone market will obtain average development in 2024 below cautious situations. Cellular manufacturers anticipate to have comparatively wholesome stock ranges on the finish of 2023. There might be sufficient room to rebuild inventories in preparation for a possible demand restoration.

Nonetheless, efficiency will diverge between areas as a consequence of danger elements similar to regional conflicts and geography. Subsequently, manufacturers want to stay versatile of their growth methods to grab development alternatives in particular areas.

As well as, manufacturers additionally must carefully monitor terminal demand in numerous areas to strategically optimize useful resource allocation and keep away from demand fluctuations. At current, mid- to long-term market development nonetheless faces bottlenecks as a consequence of elements similar to prolonged substitute cycles in main markets.